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Jim duggan made an investment of 10000 in a saving account

Jim Duggan made an investment of $10,000 in a saving account 10 years ago. This account paid interest of 5½% for the first 4 years and 6½% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this investment worth now?

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Macroeconomics: Jim duggan made an investment of 10000 in a saving account

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Jim duggan made an investment of 10000 in a saving account

Reference No:- TGS0662967

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Jim duggan made an investment of 10000 in a saving account

Reference No:- TGS0662967

Recent Questions Asked Macroeconomics

Q : Why do you think the stock market has performed or offered

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